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1050 W 2nd St

Reno, NV 89503
  • $1,300,000
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 240011335
New On Site 3 Days Ago
UPDATED: 10 min ago
$1,300,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,998
    SQFT
  • $260
    $/SQFT
Type:
Multi-Family
Built:
1932
County:

School Ratings & Info

Description

Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential. Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don’t miss out on this opportunity to invest in a promising property with strong rental potential!

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Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Theresa Nelson Real Estate | REMAX Professionals. Real estate listings held by brokerage firms other than Theresa Nelson Real Estate | REMAX Professionals are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-09-08T11:19:37.59.
www.nevada.properties/homes/154668457
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1050 W 2nd St Reno, NV 89503

  • Price: $1,300,000
  • Status: Active
  • On Site: 3 Days
  • Updated: 10 min ago
  • MLS #: 240011335
0
Beds
0
Baths
0
½ Baths
0.07
Acres
4,998
SQFT
$260
$/SQFT
1932
Built
County:
Washoe
Property Description
Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential. Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don’t miss out on this opportunity to invest in a promising property with strong rental potential!
Exterior Features

Construction Rock Exterior Brick Fenced Back Foundation Concrete Slab Landscaped Yes Parking Capacity 0 Parking Types None Roof Composition/ShinglePitched Sprinklers Drip-Full

Interior Features

1 Bedroom Baths 1 1 Bedroom Sq Ft 833 2 Bedroom Baths 2 2 Bedroom Sq Ft 1432 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances Refrigerator Flooring Vinyl TileWoodVaries by Unit Heating Cooling Natural GasForced Air Laundry Common Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 3 Story Studio Baths 0 Studio Sq Ft 0 Unit Features Blinds/ShadesSmoke DetectorVaulted Cathedral CeilingVaries Per Unit Water Heater Natural Gas Windows Double PaneCombo/VariesSingle Pane

Property Features

1 Bedroom Avg Rent Per Unit 1350 1 Bedroom Units 4 2 Bedroom Avg Rent Per Unit 1700 2 Bedroom Units 1 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 16651 Annual Income And Expenses Actual Annual Vacancy 0 Apod Available No Ccr Restrictions No Common Features None Documents On File Financial Statements Facility Features Separated Meters-GasSeparate Meters-ElectricSeparate Meters-WaterSeparate Water Heaters Green Feature Double Pane Windows Green Features None Gross Scheduled Income 85200 Multifamily Type Apartment Building (up to 8 Unit Net Operating Income 68549 Owners May Sell Exchange 1031ConventionalCash Sale Lease For Sale Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities City/County WaterCity SewerElectricityNatural Gas Zoning Actual GC

Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Marmot Properties, LLC: 775-391-9076.

Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Theresa Nelson Real Estate | REMAX Professionals. Real estate listings held by brokerage firms other than Theresa Nelson Real Estate | REMAX Professionals are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-09-08T11:19:37.59.
 
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Theresa Nelson Real Estate | REMAX Professionals
5905 S Virginia Street
Reno NV, 89502